Recording Purchases
MultiLedger Canada offers great flexibility for recording purchases. Depending on the type of purchase you want to record, the three windows you can use are:
- Item Purchases
- Payables Journal
- Disbursements Journal
These windows are discussed in the following table.
| If you want to…. | Use this transaction window |
|
Record an inventory purchase for resale that creates an outstanding payable |
Item Purchases |
|
Record a purchase order |
Item Purchases |
|
Record a non-inventory purchase that Payables Journal creates an outstanding payable |
Payables Journal |
|
Create outstanding payables that are dated prior to your Start Month (for setting up your company with MultiLedger) |
Payables Journal |
|
Record a check written for purchases not involving inventory or outstanding payables |
Disbursements Journal |